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Go Down Fighting : Short Sellers vs. Firms / Owen Lamont.
- Format:
- Book
- Author/Creator:
- Lamont, Owen, author.
- Series:
- Working Paper Series (National Bureau of Economic Research) ; no. w10659.
- NBER working paper series ; no. w10659
- Language:
- English
- Subjects (All):
- Short selling (Securities).
- Stock exchanges--Law and legislation.
- Stock exchanges.
- Physical Description:
- 1 online resource (47 pages) : illustrations (black and white).
- Place of Publication:
- Cambridge, Massachusetts : National Bureau of Economic Research, 2004.
- Summary:
- I study battles between short sellers and firms. Firms use a variety of methods to impede short selling, including legal threats, investigations, lawsuits, and various technical actions intended to create a short squeeze. These actions create short sale constraints. Consistent with the hypothesis that short sale constraints allow stocks to be overpriced, firms taking anti-shorting actions have in the subsequent year very low abnormal returns of about -2 percent per month.
- Notes:
- Description based on publisher supplied metadata and other sources.
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